) announcement of a $5 billion investment in the electric vehicle manufacturer. The automakers' joint venture will primarily focus on creating new technologies for electric vehicles.breaks down the details of this deal, explaining where the money will go and how it might help the broader EV market.Let's turn now to the auto space shares of Rivian popping on the announcement of a $5 billion investment from Volkswagen Group.
But basically what this means is ultimately what this means is Volkswagen is paying through AJ V for R and technology, their zonal hardware design which is sort of the underpins their R one vehicles and then also electrical architecture, all the all the different uh connectivity, motors, things like that they're paying for it all.
And I guess also just in terms of if this partnership is successful, are there other EV makers that maybe could potentially stand to benefit from this too? I think there is a, a city note today talking about how lucid could be the next big sort of uh uh benefit year of this because they've already licensed technology to Aston Martin.
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